Spot BTC ETFs fail to sure up Bitcoin decline as outflow streak hits $1.9B

Spot Bitcoin ETFs recorded a significant $566.4 million outflow on Tuesday, November 4th, pushing the cumulative five-day net outflow to approximately $1.9 billion and shifting market sentiment to risk-off. Fidelity’s FBTC led the redemptions with a $356.6 million exit, followed by ARKB (-$128.1 million) and Grayscale’s GBTC (-$48.9 million); no fund saw an inflow. This marked the largest single-day outflow since August 1st. Bitcoin's price struggled, briefly dipping below $100,000 before stabilizing just above it. The market is now closely watching the next few ETF prints, as continued significant redemptions could reinforce selling pressure when liquidity is already low, while a large inflow into a major fund like BlackRock’s IBIT could help Bitcoin find support above $100,000.

(Source：CryptoSlate)